Boise Real Estate Market - May'23

Real Estate Agent with Realty One Group Professionals Lic SP41175

Boise real estate data indicates further market slowdown due to the higher interest rates and low inventory of affordable homes. The number of sold single family homes was down by27 percent. Median price of a sold house was 17 percent lower than a year ago; average price was 5 percent lower. House took 24 days to sell, 15 days longer to sell on average compared to May '22.

Below you'll find property selling data in May '23 vs. May '22.

Contact us for your Free Home Evaluation.  Call (310)918-5027 today. We'll be happy to help!

Single Family Homes

Boise May 2023 May 2022 Difference 
No. of Sales 293 373 -27%
Median Price $499,900 $585,000 -17%
Average Price $644,623 $674,017 -5%
Days on Market 24 9 +15 days

Condos and Townhomes

Boise May 2023 May 2022 Difference 
No. of Sales 59 51 +16%
Median Price $404,900 $549,900 -36%
Average Price $416,722 $550,657 -32%
Days on Market 37 14 +23 days

Ada County, where Boise is located, posted similar home sales, inventory, home price data:

Every market is different. If you'd like to find out what your home is worth in today's market contact Krystyna Ryan at (208)918-5007 or click below to get a price range.

free home evaluation boise Idaho


Posted by

Realty ONE Group Professionals - Krystyna M Ryan

Local Boise Expert (208)918-5007 

Comments (4)

Ed Silva, 203-206-0754
Mapleridge Realty, CT 203-206-0754 - Waterbury, CT
Central CT Real Estate Broker Serving all equally

Your market is a little different than most of the rest of us, Is there a significant difference in number of homes on market as well?

Jun 11, 2023 01:12 PM
Krystyna M Ryan

Thank you for your comment. The inventory is down by about 20% in Boise. In Ada County where Boise is located the inventory is down by 17.2% y-o-y.

Boise Idaho market

Jun 12, 2023 12:08 PM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Thank you for sharing this latest market update for Boise, and somewhat looks like Denver, with the difference between last year and this year.

Jun 11, 2023 02:10 PM
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker in DC, MD, VA and attorney in DC

Thanks for the market update on Boise! This is very useful information .  Thanks for sharing with us. Have a wonderful week. 

Jun 11, 2023 06:26 PM
Bill Salvatore - East Valley
Arizona Elite Properties - Chandler, AZ
Realtor - 602-999-0952 / em:


Welcome to the Rain. Enjoyed your blog page, and I added you as

follows. I would love the follow back. Bill

Jun 12, 2023 06:20 AM